U.S. Stocks Poised For Mild Bounce, With Tesla in Focus

Wall Street stocks looked headed for a mild bounce at the open Thursday, as investors continued to decipher the Federal Reserve’s policy signals and braced for another batch of corporate earnings.

Likely to see action are shares of Tesla Inc., Square Inc. and other companies that released results after hours on Wednesday, while DowDuPont Inc and Kellogg’s are on the earnings list early today.

Updates on weekly jobless claims and nonmanufacturing activity are the key economic data ahead, in the runup to the closely watched monthly jobs report Friday.

Dow Jones Industrial Average futures were up 39 points, up 0.2%, to 23,860, while S&P 500 futures were up 4.3 points, or 0.2%, to 2,631.75. Nasdaq-100 futures turned higher, rising 8 points, 0.1%, to 6,641.50.

The major U.S. equity indexes fell Wednesday after the Federal Open Market Committee signalled few policy changes. The Dow Jones Industrial Average closed 174.07 points, or 0.7%, lower at 23,924.98. The S&P 500 index lost 0.7% to 2,635.67, while the Nasdaq Composite Index declined 0.4% to 7,100.90.

Source : Market Watch

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